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May 3, 2012
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let's start in the united states. since the bond auction results in europe have come out, we've seen the futures go slightly lower. looking at a lower open on wall street. if the markets were to open now, the dow would be lower by merely 17, nasdaq by nearly 4 and the s&p 500 lower by nearly 2. this after a mix willed session yesterday but we did recover from earlier declines. worries over the weak adp number setting the stage for tomorrow's jobs report. investors on edge. energy and financials were the worst performing sectors. how is it in europe? >> loads to digest. in the equity markets, we're off the highs of the session, but we are higher nonetheless for each of the major markets, as well. ftse 100 up by 0.3%. and we have dipped below the 1% levels that we were at when we last checked in on the markets, but the dax still higher by 0.8%. and in spain, levels of just over 1% to the good for the spanish trade. let's have a lack, tc look at t markets. we've had results of the french and spanish debt auctions. in ger
let's start in the united states. since the bond auction results in europe have come out, we've seen the futures go slightly lower. looking at a lower open on wall street. if the markets were to open now, the dow would be lower by merely 17, nasdaq by nearly 4 and the s&p 500 lower by nearly 2. this after a mix willed session yesterday but we did recover from earlier declines. worries over the weak adp number setting the stage for tomorrow's jobs report. investors on edge. energy and...
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May 24, 2012
05/12
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double-digit gains in the united states. we're seeing a big turn in this country, aren't we? >> yeah, we're definitely seeing a good trend for business. the tone here has continued to be strong. we started the year off very strong in general as the industry. from what i'm seeing in may, my business, we've seen the business accelerate in may. we feel we're very well positioned. the weather turned warm and the business turned on like a switch. >> some people have been worried because the weather was good in earlier months that some guys pulled business. that's clearly not the case. you did not have people buy a lot in march and april and have nothing left in may. >> we saw a lot of people buy in march and april but continue to buy in may and june. there's the easter calendar shift and that always throws everyone into a little confusion. once that's settled and we got into the first week of may, business has just taken off. >> two times when you came on you said we're not seeing the big break in commodities but the second half has to be terrific year over year. >> we're seeing s
double-digit gains in the united states. we're seeing a big turn in this country, aren't we? >> yeah, we're definitely seeing a good trend for business. the tone here has continued to be strong. we started the year off very strong in general as the industry. from what i'm seeing in may, my business, we've seen the business accelerate in may. we feel we're very well positioned. the weather turned warm and the business turned on like a switch. >> some people have been worried because...
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May 17, 2012
05/12
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we had a great quarter in the united states. it was all of our markets performing well to deliver this first quarter. >> people still don't understand what you do. i'm going to ask you on voed phone, what did you sell me and why am i happy? >> for our customers today, they have to delight their customers in a whole new way. you talked about facebook. facebook has changed everything. it's changed how we use software, but it also changes where our customers are. what salesforce.com lets you do is market to your customer in the most modern way. that's why hundreds of thousands of companies are use salesforce.com. our user interface is patterned after facebook. it's that social user nt fact, that focus on mobility and we deliver it all in the cloud, there's no hardware or software to buy. social, mobile and cloud. this is the modern era of computing. if you're not organized around those three axes, you're not experiencing the growth we are. that's why you see tepid growth from oracle. customers aren't buying as they are on salesforc
we had a great quarter in the united states. it was all of our markets performing well to deliver this first quarter. >> people still don't understand what you do. i'm going to ask you on voed phone, what did you sell me and why am i happy? >> for our customers today, they have to delight their customers in a whole new way. you talked about facebook. facebook has changed everything. it's changed how we use software, but it also changes where our customers are. what salesforce.com...
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May 23, 2012
05/12
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states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. we're often so busy dealing with what's in front of us that we lose sight of the big picture. that's why it's good, every now and then, to pause, take a new look at your financial plan and make sure you're headed in the right direction. for more than 140 years, pacific life has been offering integrated solutions that help to create a secure financial future. ask a financial professional about pacific life - the power to help you succeed. and people. and the planes can seem the same so, it comes down to the people. because, bad weather the price of oil those are every airlines reality. and solutions won't come from 500 tons of metal and a paint job. they'll come from people. delta people. who made us one of the biggest airlines in the world. and then decided that wasn't enough. >>> everybody was dying to hear what she would say about facebook's ipo. as expected sh
states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. we're often so busy dealing with what's in front of us that we lose sight of the big picture. that's why it's good, every now and then, to pause, take a new look at your financial plan and make sure you're headed in the right direction. for more than 140 years, pacific life has been offering integrated solutions that help to create a secure...
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May 25, 2012
05/12
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or were they simply rejections and throwing the bums out as we call it here in the united states? >> i suspect it's a mixture of both of them. you know, politicians, the main parties are going to be the anti-austerity parties because they have to go into government. and they have to face the bond markets. the ones on the periphery can say what they want. the trouble is those peripheral views are now coming mainstream. and the views they have, for example in greece, anti-austerity frankly isn't going to work. it isn't going to cut it unless you're out of the euro. >> simon, great stuff. thank you so much. ireland has made significant cuts and strides in its effort to tackle its own debt crisis as well. how different is ireland from greece? barry oleary made his case on "squawk box" today. >> ireland is a very different case from greece because if you look at the profile of industry in ireland, we're very active in the modern sectors of the economy, the technology sector, the life science, the digital media. we can see a way of exporting significant businesses out of ireland so the
or were they simply rejections and throwing the bums out as we call it here in the united states? >> i suspect it's a mixture of both of them. you know, politicians, the main parties are going to be the anti-austerity parties because they have to go into government. and they have to face the bond markets. the ones on the periphery can say what they want. the trouble is those peripheral views are now coming mainstream. and the views they have, for example in greece, anti-austerity frankly...
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May 10, 2012
05/12
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let's switch gears over to the united states. cisco's third quarter profits rises 20s%, revenues more than 6% beating forecast, but there are trouble spots, as well. european orders were flat and orders from big customers fell. cisco expects revenues below both analysts estimates and the company's previous projections. john chambers cites on going challenges and customers being cautious with tech spending. deals are smaller and taking locker to close. >> the main thing all of us need is certainty. businesses don't spend when it's an uncertain environment. if we understand the issue, then we'll make decisions about where we invest in resources, how much we give in dividends versus how much we do in acquisitions, et cetera. so that's part of the uncertainty that i think bothers the customers the most. in frankfurt, it's down nearly 90%, as well. we'll break down the results with an analyst at 5:40 a.m. eastern time. >> and there you go, olympic torch has been lit using the sun's rays. when we come back, we'll see whether the sun is
let's switch gears over to the united states. cisco's third quarter profits rises 20s%, revenues more than 6% beating forecast, but there are trouble spots, as well. european orders were flat and orders from big customers fell. cisco expects revenues below both analysts estimates and the company's previous projections. john chambers cites on going challenges and customers being cautious with tech spending. deals are smaller and taking locker to close. >> the main thing all of us need is...
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May 9, 2012
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almost as much as core action in emerging market in the united states. when trouble occurs in the eurozone the risk of something implies the risk is off, risk aversion is high and that skt as global equity markets not just those in the eurozone. >> you're not expecting the u.s. economy to get the contagion to fall into a double dip by any stretch, in fact, your prediction for me nor what economic growth was going to be for the remainder of the year, i was somewhat surprised by that. you're looking for slow but 2% growth. >> well, i see, 2% growth is better than europe that is one below u.s. potential of unemployment being high. but i worry about next year because by next year there is a fiscal drive and wages are not going up, income growth that's been taxes and transfers. some of them are going to expire next year so double whammy. fiscal drive and deleveraging on house notes. you get this drag, go towards 1% is back to stalled speed, double dip in a situation in which europe is in trouble and war with iran, issue of the nuclear proliferation, china is
almost as much as core action in emerging market in the united states. when trouble occurs in the eurozone the risk of something implies the risk is off, risk aversion is high and that skt as global equity markets not just those in the eurozone. >> you're not expecting the u.s. economy to get the contagion to fall into a double dip by any stretch, in fact, your prediction for me nor what economic growth was going to be for the remainder of the year, i was somewhat surprised by that....
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May 14, 2012
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that's all we are looking at here in the united states as well. >> well, wolfgang came out, the jeerm an financer, and said this is it. if you want out of the euro, wur yay out is to vote for the left who want out. so they are pretty obvious about what they say. >> i love sha play and his transaction tact ticks. on top of the 83% in france. >> the french are supporting a financial transaction tax as well. i think that's very likely to happen. but let me tell you what i'm worried about today. a little bit here, little bit there. we have a correction going. just because we are not doing as bad as europe doesn't mean we aren't having a tough time. i look at insiders here. 2500 declining stocks and 500 advancing stocks. what? light volume. and it's like this everyday. bill and marimaria, only one da the last nine where there is a descent advanced decline line. surely, build up real damage here. we pass on the s&p 500, we are at the lowest level since the beginning of february right now. and the financials have got no energy. industrials aren't moving that much. >> but we have that 11-day
that's all we are looking at here in the united states as well. >> well, wolfgang came out, the jeerm an financer, and said this is it. if you want out of the euro, wur yay out is to vote for the left who want out. so they are pretty obvious about what they say. >> i love sha play and his transaction tact ticks. on top of the 83% in france. >> the french are supporting a financial transaction tax as well. i think that's very likely to happen. but let me tell you what i'm...
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May 29, 2012
05/12
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one of the first places you mentioned was singapore to the united states. remember, eduardo savarin, facebook billionaire packed up his wealth and moved to singapore given attractive rates there. other foreigners are following. more than 40% of singapore's population is now foreign born. if we move on, the wealthy french are also headed for the exits. we know the recent presidential election there saw francois hollande proposing a 75% tax on the ultra wealthy french. many are moving to switzerland, a short hop across the border but a big tax break if they can get it. it's not just taxes that are drooiing out the rich. it's also political instability that is driving them out. we see, for instance, in russia where there was some noise around the recent elections and putin's election, a lot of the wealthy russians are moving to safer havens like london. the most famous example there being roman abramovich. he likes to migrate by yacht. many other russians are following. there are now more than 1,000 rushs millionaires in london. in addition, we're also seeing
one of the first places you mentioned was singapore to the united states. remember, eduardo savarin, facebook billionaire packed up his wealth and moved to singapore given attractive rates there. other foreigners are following. more than 40% of singapore's population is now foreign born. if we move on, the wealthy french are also headed for the exits. we know the recent presidential election there saw francois hollande proposing a 75% tax on the ultra wealthy french. many are moving to...
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May 4, 2012
05/12
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i'm jackie deangelis in the united states. >> and that's it for my end. i'm chloe cho here in asia. >> and i'm louisa bojesen in europe. have a fantastic weekend. >>> it's jobs friday. economists are looking for a better nonfarm payroll number than the previous month, but not as good as we have been getting before last month. and facebook hits the road. the company wants to wooen investors as it tries to raise more than $10 billion. great piece in the "journal" shows these guys have so much money. and berkshire hathaway faithful descending on omaha. becky is there. she brings us her conversation with warren buffett. it's friday, may 4th, 2012. "squawk box" begins right now.
i'm jackie deangelis in the united states. >> and that's it for my end. i'm chloe cho here in asia. >> and i'm louisa bojesen in europe. have a fantastic weekend. >>> it's jobs friday. economists are looking for a better nonfarm payroll number than the previous month, but not as good as we have been getting before last month. and facebook hits the road. the company wants to wooen investors as it tries to raise more than $10 billion. great piece in the "journal"...
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May 22, 2012
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and how fabulous the united states is doing. "mad money" will be right back. >>> coming up, about face? with all eyes on facebook and potential profitability, one company is leading the charge in marketing and ads for all things social. can exact target hit the bulls eye for you? don't miss cramer's exclusive with the company's ceo next. and later, mac daddy? is it time to take a bite of apple again or has it lost its magic touch? cramer's going off the charts to find out. plus power play? in a market dominated by international concerns, cramer's playing defense by going domestic. tonight this company keeps the lights on in the city that never sleeps, but can it electrify your portfolio? don't miss cramer's exclusive with con edison's ceo. >> miss out on some mad money? get your mad money text alert today. for more info visit madmoney.cnbc.com or call 1-800-743-cnbc. [ male announcer ] introducing a powerful weapon in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so
and how fabulous the united states is doing. "mad money" will be right back. >>> coming up, about face? with all eyes on facebook and potential profitability, one company is leading the charge in marketing and ads for all things social. can exact target hit the bulls eye for you? don't miss cramer's exclusive with the company's ceo next. and later, mac daddy? is it time to take a bite of apple again or has it lost its magic touch? cramer's going off the charts to find out....
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May 2, 2012
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. >>> and in the united states, who's hieshing in the private sector. investors are hoping indy p's data will a's concerns about friday's job report. >>> hello and welcome to "worldwide exchange." i'm steve cedric joined by chloe cho. the final figure falling to 45.9. the flash estimate came in at 46. the march figure was 47.7. this is the lowest figure we've han since june 2009. the output index. 46.4. march data came in at 46.7. employment index again dispiemting. 47.6% as opposed to a march figure of 48.7%, but i'm afraid this was the lowest figure since february 2010. all right. let's get some analysis on this. ricardo bausrbiari and our chie host. the pmis out of china have been encouraging. they've been encouraging the market to go on the front foot. is this going to send risk investors running for cover again? >> i don't think this should come as a surprise because we already had flash estimates for europe suggesting that manufacturing at tbt contracted in april. i think the surprise was the u.s. numbers which came in better than expected. there'
. >>> and in the united states, who's hieshing in the private sector. investors are hoping indy p's data will a's concerns about friday's job report. >>> hello and welcome to "worldwide exchange." i'm steve cedric joined by chloe cho. the final figure falling to 45.9. the flash estimate came in at 46. the march figure was 47.7. this is the lowest figure we've han since june 2009. the output index. 46.4. march data came in at 46.7. employment index again dispiemting....
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May 31, 2012
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what are the threats of the deflationary recession in the united states? >> look at commodity prices. >> right. important things. >> we should be rallying if oil prices are tanking, but we're not because they're tanking because of fears of deflation. we've still got iran and israel issues, yet oil prices are -- >> all right. you snuck that in. i'm not going to let you. you have a fairly rosy scenario, but he's making good points about deflating commodities along with deflating interest rates and that could deflate a lot more in the economy. what is the risk of that? and might the stock markets plunge from whatever mid to late april? >> commodities are going to go lower. china's being the biggest consumer of commodities and they're switching away from infrastructure, and i think that's going to be a positive. but i'm not going to mention what you don't want me to mention -- >> cannot mention them. >> without that, though, that's a positive because profit margins will increase with u.s. companies and i'm still a dollar bull. you and i were the first dollar b
what are the threats of the deflationary recession in the united states? >> look at commodity prices. >> right. important things. >> we should be rallying if oil prices are tanking, but we're not because they're tanking because of fears of deflation. we've still got iran and israel issues, yet oil prices are -- >> all right. you snuck that in. i'm not going to let you. you have a fairly rosy scenario, but he's making good points about deflating commodities along with...
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May 17, 2012
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. >> let's take a look at the united states other than facebook's ipo. weekly jobless claims out at 8:30 a.m. the may philly fed survey out at 10:00. james bullard will speak at noon. and walmart reports first quarter results at 7:00 a.m. a lot of focus there given all the headlines about walmart's bribery problems. but of course for the consumer, walmart such a huge employer in the u.s. >> a bill bellwether. not a big reaction to the spanish auction this morning, but the spanish economy confirmed in recession in the first three months falling 0.3% quarter on quarter. it's further depressed spanish stocks. leading it is banco. at the same time, greeces has appointed a caretaker government that will lead the country until next month's general election. ahead of the supreme administrative court has been put in charge. >>> the news does little to dispel concerns about greece and the solvency of its banks after the ecb has confirmed it has stopped providing punding to some greek banks. joining us is david bloom at hsbc. >> thank you very much. >> david, welc
. >> let's take a look at the united states other than facebook's ipo. weekly jobless claims out at 8:30 a.m. the may philly fed survey out at 10:00. james bullard will speak at noon. and walmart reports first quarter results at 7:00 a.m. a lot of focus there given all the headlines about walmart's bribery problems. but of course for the consumer, walmart such a huge employer in the u.s. >> a bill bellwether. not a big reaction to the spanish auction this morning, but the spanish...
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May 25, 2012
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for 30 some years at many i't different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. ♪ dave, i've downloaded a virus. yeah. ♪ dave, where are we on the new laptop? it's so slow! i'm calling dave. [ telephone rings ] [ male announcer ] in a small business, technology is all you. that's why you've got us. at the staples pc savings event, for a limited time get up to $200 off select computers. staples. that was easy. >>> i'm sergeant first-class kerry gilmore here in kandahar, afghanistan with the 223rd engineer battalion. i'd like to send a shout out to my parents harry and janice gilmer in portage, indiana, my beautiful wife melinda in little rock, mississippi. >>> all right. we've got a very special "lightning round" tonight. i'm honored to welcome the fine men and women from the u.s. navy marines and coast guard here as part of this year's
for 30 some years at many i't different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. ♪ dave, i've downloaded a virus. yeah. ♪ dave, where are we on the new laptop? it's so slow! i'm calling dave. [ telephone rings ] [ male announcer ] in a small business, technology...
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May 21, 2012
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. >> egypt gets $1.3 billion in military aid from the united states every year. it's been a very important relationship over the years. how is that going to evolve. >> i believe our relations with the united states haves to sustained and strengthened. it is not in our interests to have a shaky relations shhip wi the united states. i believe it is the same from the american side. so this is not the time to talk about the relations negatively. >> european union is the largest trade partner, a principal source of fdi. now you've tableded the concept of a virtual relationship or membership. what does that entail? >> what i need is your help in how to build an administration. a new framework of economy, framework of several things that have proved to be so useful in the case of turkey and other countries that have requested membership and did that really get it. to introduce new rules that have proven to be very effective in rebuilding a government or a government systems. >> there was moussa. remember israel as a talking point has served as a bit of a punching bag fo
. >> egypt gets $1.3 billion in military aid from the united states every year. it's been a very important relationship over the years. how is that going to evolve. >> i believe our relations with the united states haves to sustained and strengthened. it is not in our interests to have a shaky relations shhip wi the united states. i believe it is the same from the american side. so this is not the time to talk about the relations negatively. >> european union is the largest...
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May 9, 2012
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does it fit the constitution of the united states. is it going to lead to economic prosperi prosperity. if it doesn't meet those tests, we ought not be considering it. if we don't get straightened around very quickly, we'll face an even greater crisis. we have to make tough decisions or there will be dire consequences and we better get ahead of the game here. >> senator demint, you intend to vote against the re-authorization of the xn bank, even though it affects boeing in south carolina. are you going to stay on that track? will you vote -- if the bill was passed today overwhelmingly in the house, it will come to the senate, what are you going to do, senator? >> well, i'm not going to support it, larry. what we're trying to do is send out signals now that we're not going to accept this type of disguised spending, which is really what it is. this is a program that started less than five million, now they're asking 140 billion. we don't need to be subsidizing major corporations. what we need to do is work with the world trade organizat
does it fit the constitution of the united states. is it going to lead to economic prosperi prosperity. if it doesn't meet those tests, we ought not be considering it. if we don't get straightened around very quickly, we'll face an even greater crisis. we have to make tough decisions or there will be dire consequences and we better get ahead of the game here. >> senator demint, you intend to vote against the re-authorization of the xn bank, even though it affects boeing in south carolina....
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May 24, 2012
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at the moment the cleanest dirty shirt is the united states, it's treasuries. it's those 1.75% 10-year treasuries definitely overvalued but in a time of crisis appreciate in value or at least hold their value. >> one year from today, i know you're a betting guy, you're a financier, that's what you do in large part, one year from today, will your country be a member of the eurozone, the european monetary union, will you have a euro or drachma? >> my bet would be that we will have a euro. it's going to be very tough. but i think there is going to be action in three weeks. i think that at this stage an exit of greece from the euro cannot be orderly. it will be very disorderly and very messy, therefore a solution needs to be in place. >> i hope that wasn't a freudian slip earlier. >> what could be a solution here? >> oh, they'd have to be really creative, right? at this point if i were the dictator of the european union, i would say, you know what, the chances of greece paying us back are pretty minimal. so what i would do is say, okay, every single bullet point of
at the moment the cleanest dirty shirt is the united states, it's treasuries. it's those 1.75% 10-year treasuries definitely overvalued but in a time of crisis appreciate in value or at least hold their value. >> one year from today, i know you're a betting guy, you're a financier, that's what you do in large part, one year from today, will your country be a member of the eurozone, the european monetary union, will you have a euro or drachma? >> my bet would be that we will have a...
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May 30, 2012
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you know, realtors here in the united states, the national association of realtors are very supportive of a campaign for homeownership matters and there are 65-plus million home ore eo in the united states. i think it will be an interesting year on how housing affects the elections. >> yeah. and everything else. steve, thanks for that. steve berkowitz of move moveinink.com. >> they kick off a four-day fact-finding mission. first stop, greece. we'll cross live to athens for analysis next. [ male announcer ] this is the at&t network. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ securing a world you do a lot of no.aking?s. look i'm going through the rapids. okay... i'll take it. sync your card with facebook, foursquare and twitter for savings. that's the membership effect of american express.
you know, realtors here in the united states, the national association of realtors are very supportive of a campaign for homeownership matters and there are 65-plus million home ore eo in the united states. i think it will be an interesting year on how housing affects the elections. >> yeah. and everything else. steve, thanks for that. steve berkowitz of move moveinink.com. >> they kick off a four-day fact-finding mission. first stop, greece. we'll cross live to athens for analysis...
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May 8, 2012
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a good chunk of those here in the united states. sue, back to you. >> good point. thank you, phil. another hot topic straight ahead on "power lunch." you know about the arab spring. well, is the investing world about to see its own revolution? we are calling it the shareholder spring. shareholders are mad as hell. they're not taking it anymore in many cases. before the break check out hershey hitting new all-time highs on a down day. the stock is up better than 1% at 67.77 and change. this is "power lunch" on cnbc, the home of the american investor. >>> investors rebelling in london against the ceo of insurance giant aviva. they don't like his pay. so today they forced ceo andrew moss out. shareholders are letting their voice be heard across the investing world. so is the shareholder spring upon us? mary thompson is on the case for us. mary? >> thanks, sue. halfway through the heart of proxy season some key no votes suggest shareholder clout is growing. or is it? governance experts saying there is some shift in investors' focus but not necessarily a higher level of engagement. yes,
a good chunk of those here in the united states. sue, back to you. >> good point. thank you, phil. another hot topic straight ahead on "power lunch." you know about the arab spring. well, is the investing world about to see its own revolution? we are calling it the shareholder spring. shareholders are mad as hell. they're not taking it anymore in many cases. before the break check out hershey hitting new all-time highs on a down day. the stock is up better than 1% at 67.77 and...
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May 22, 2012
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however, this is clearly close to being the best bank in the united states. it's one of the best managements in the industry. you know, you have to remember that there are only five companies in the united states that made more money than jpmorgan last year. and also if the numbers that i look at are correct, the pretax income of jpmorgan last year was greater than the pretax income of any other bank in the world. so to assume that because they made one trading error that this company, which is staggeringly successful and staggeringly profitable is now in trouble is a farce. the company will increase its dividends 20% this year and its earnings will be higher than they were last year. and they'll be up another 15% to 20% next year. so it seems to me that we've overdone the selling by more than a little bit. >> they have canceled their share buy back program. we couldndon't know when that w reintroduced, but that must change your measurements. >> as i say, i reduced the price target because i think the stock now will probably only sell at 75% of stated book va
however, this is clearly close to being the best bank in the united states. it's one of the best managements in the industry. you know, you have to remember that there are only five companies in the united states that made more money than jpmorgan last year. and also if the numbers that i look at are correct, the pretax income of jpmorgan last year was greater than the pretax income of any other bank in the world. so to assume that because they made one trading error that this company, which is...
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May 17, 2012
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let's look at the united states here. not in correction territory, but i do want to point out that we're sliding in that direction. every day, 40 points on the dow. pretty soon the numbers actually start to add up. put up how we're doing for the year to date so for after the highs. we're 4 or 5 or 6% off our highs. look now, we're getting a little closer on the s&p 500, down 10% on the year. the industrials, not quite there. but some of the other big sectors. for example, materials, s&p material index is down about 12% from its recent high. so some of them are down in double digits. i want to point out that caterpillar today, the numbers, caterpillar provides their dealer sales levels every once in a while and the numbers were rather weak today. take a look at caterpillar. a stock $116, just a couple of months ago. that's a 20% decline for caterpillar. bottom line, they're seeing some deceleration in their machinery sales. that's the most important sector for them. brazil is actually negative, and over in asia, while sale
let's look at the united states here. not in correction territory, but i do want to point out that we're sliding in that direction. every day, 40 points on the dow. pretty soon the numbers actually start to add up. put up how we're doing for the year to date so for after the highs. we're 4 or 5 or 6% off our highs. look now, we're getting a little closer on the s&p 500, down 10% on the year. the industrials, not quite there. but some of the other big sectors. for example, materials, s&p...
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May 24, 2012
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a and it operates trucking and logistics in the united states and canada. so i'm hoping it offers some shelter from europe. i really like the transportation industry. so i just wanted to know what you thought of xpo. >> i wish i could tell you it offers shelter. here's the problem. even the best in thands, which is a company called expediters out of washington is struggling. so your company is going to struggle more than expediters. and that's why i think a $300 million company, so i regard it as a spec, but be very careful. i think you can go lower. all right. what do we do? what do you do when washington and the s.e.c. aren't nailing the culprits? you defend your portfolio yourself until the government steps in. just like the marines and sailors and coast guards who are guarding us. guard your portfolio with stocks that work. "mad money" will be right back. [ applause ] >>> coming up, style guide. jim's browsing the aisles to find a retailer on the mend. could this turnaround story be the perfect fit? skip the traffic and the check-out. cramer's bringing
a and it operates trucking and logistics in the united states and canada. so i'm hoping it offers some shelter from europe. i really like the transportation industry. so i just wanted to know what you thought of xpo. >> i wish i could tell you it offers shelter. here's the problem. even the best in thands, which is a company called expediters out of washington is struggling. so your company is going to struggle more than expediters. and that's why i think a $300 million company, so i...
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May 14, 2012
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. >> this is what we're handed over to the united states from europe. ftse 100 down 1.about 8. ibex down 3%. basic resources are the weaker sector today, along with banks as we continue to see more numbers coming out of banks in terms of the extra capital they need to do for those provision has they need to put aside now for extra banking losses. and of course we're very focused on bond yields as a result. let's show you where we currently stand. fresh record lows this morning. now look at this, 1.455%. dropped another five basis points. italian yields getting back towards 6%. we're waiting for italy's auction. the key one would be the three year benchmark. but it's the first auction in the peripherals since the french and greek auctions. and spanish yields sharply higher, as well. high yields in both 12 and 18 month t-bill suction that we au. the key point is spreads. euro era high. >> let's take a look now at what's going on in this week's agenda in the united states. quiet on the data front today, but groupon this report results after it the close. investors will get reports
. >> this is what we're handed over to the united states from europe. ftse 100 down 1.about 8. ibex down 3%. basic resources are the weaker sector today, along with banks as we continue to see more numbers coming out of banks in terms of the extra capital they need to do for those provision has they need to put aside now for extra banking losses. and of course we're very focused on bond yields as a result. let's show you where we currently stand. fresh record lows this morning. now look...
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May 7, 2012
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let's start in the united states. looking like it will be a lower open if the markets with your to open now, the dow would be lower by 116, the nasdaq lower by 29, and the s&p 500 lower by nearly 14. this after we had a down day for the markets on friday with the dow lower by 168 points for the day, nearly 1.5% for the week. weaker than expected nonfarm payrolls mum, of course that was impacting the markets. and we saw particularly tough day for tech, as well. the nasdaq posting a 68 point loss and the sector leading losses on the s&p 500, as well. and also interesting to note the s&p and nasdaq posting the worst weekly percentage declines so far in 2012. how is it looking in europe? >> still looking red. the ftse is out of action today. a bank holiday there. these are the better man equities. one player in positive territory. down here you have the worst performing groups, basf lower by 2.5%, ling lower by around 2%. let me show you our european equity markets. xetra dax down by 1.3%. we've moderated some of the earl
let's start in the united states. looking like it will be a lower open if the markets with your to open now, the dow would be lower by 116, the nasdaq lower by 29, and the s&p 500 lower by nearly 14. this after we had a down day for the markets on friday with the dow lower by 168 points for the day, nearly 1.5% for the week. weaker than expected nonfarm payrolls mum, of course that was impacting the markets. and we saw particularly tough day for tech, as well. the nasdaq posting a 68 point...
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May 31, 2012
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and let's remind you what's on the agenda in the united states. the may adp unemployment report out. forecast to call for an increase of 150,000 in private sector payrolls. weekly jobless claims due at 8:30 a.m., expected to remain unchanged. also growth expected to be revised down from 2.2 to 1.9%. at 10:00, the may chicago pmi is out. cleveland fed president speaks at an nab conference 8:00 a.m. eastern. and u.s. retailers reporting may same store sales despite any boost for more's day. total sales forecast to rise just 2%. in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities, they can create and maintain high standards, from kitchen to table. this technology allows us to collaborate with our drivers to make a better experience for our customers. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ >>> if you're just joining us, these are your headlines. m
and let's remind you what's on the agenda in the united states. the may adp unemployment report out. forecast to call for an increase of 150,000 in private sector payrolls. weekly jobless claims due at 8:30 a.m., expected to remain unchanged. also growth expected to be revised down from 2.2 to 1.9%. at 10:00, the may chicago pmi is out. cleveland fed president speaks at an nab conference 8:00 a.m. eastern. and u.s. retailers reporting may same store sales despite any boost for more's day. total...
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May 29, 2012
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪ >>> welcome back to "squawk box," everyone. let's look at the futures on this tuesday morning. you're going to see there are some green arrows across the board. dow futures up by 70, s&p up by 7.5 points, despite what's happening in greece and in spain. shares are vertex pharmaceuticals are under pressure this morning, the company correcting previously released data from a trial involving cysti
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it...
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May 9, 2012
05/12
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i'm jackie de-angeles here in the united states. >> and ross westgate here in europe. up next, "squawk box" will be up next. in the meantime we hope whatever happens you have a profitable day. so from jackie and myself, good-bye. we'll be back again same time tomorrow. they have names like idle time books and smash records and on small business saturday they remind a nation of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street found its might again. and main street found its fight again. and we, the locals, found delight again. that's the power of all of us. that's the power of all of us. that's the membership effect of american express. >>> good morning. disney's earnings beat the street despite the climb at the box office. they take a genome offer directly to shareholders. >>> and in political news a well known u.s. senator is defeated in his party's primary. he's been there 35 years. indiana rupp richard lugar forced out by a tea party-backed opponent. wednesday, may 9th. "squawk box" begins right now. zbroopd mor
i'm jackie de-angeles here in the united states. >> and ross westgate here in europe. up next, "squawk box" will be up next. in the meantime we hope whatever happens you have a profitable day. so from jackie and myself, good-bye. we'll be back again same time tomorrow. they have names like idle time books and smash records and on small business saturday they remind a nation of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street...
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May 23, 2012
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it's united states. so i hesitate to put anything positive in, but as i did last night, united states is stable. united states has some pretty good earnings. united states has some pretty good companies like con-ed where they're not that much involved. so they come back and say there's going to be big capital. >> until we start our own negotiation. >> we've got a little window of opportunity there. >> we've got facebook to talk about. >> it is higher actually in the premarket. the fall out remains in the spotlight. david decided to boost the company's shares by 25% as his main underwriter morgan stanley. some investors claim that's a big reason why they've tumbled. he wants to know about a morgan analyst discussion with institutional investors on the revenue prospects for facebook. morgan stanley says the spokesman followed the same procedure that it follows for all ipos. when that news came out yesterday after hours, the stock was down 1.5%. on this unknown. this subpoena. >> when you look at the rules
it's united states. so i hesitate to put anything positive in, but as i did last night, united states is stable. united states has some pretty good earnings. united states has some pretty good companies like con-ed where they're not that much involved. so they come back and say there's going to be big capital. >> until we start our own negotiation. >> we've got a little window of opportunity there. >> we've got facebook to talk about. >> it is higher actually in the...
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May 29, 2012
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i hope you had a good memorial holiday in the united states. this is what we'll hand over to you from europe. ftse 100, cac 40 up four points yesterday. but the focus has really been on spain. currently down 1.4% at the moment, down 2% yesterday, down now 8% for the month of may. and it would be the fifth month in a row that we've seen falls for the spanish stock market. and currently at nine year lows on the ibex. a couple other stocks in focus, a baker up 6%, the government has revised rules on hot cooked take away foot. delarue stock actually down 1.5%, but if there was any new drachma, people think delarue would be the company involved. they're making it possible for the british government and more confidence of that in 2012 and opera up 17%, this is the stock the people believe facebook may be interested in buying. a leading investor saying we should stay independent and not sell us out to facebook. take a look at the yields. if you weren't watching yesterday, we hit 6.53% on the spanish ten year. the highest since november and the spread
i hope you had a good memorial holiday in the united states. this is what we'll hand over to you from europe. ftse 100, cac 40 up four points yesterday. but the focus has really been on spain. currently down 1.4% at the moment, down 2% yesterday, down now 8% for the month of may. and it would be the fifth month in a row that we've seen falls for the spanish stock market. and currently at nine year lows on the ibex. a couple other stocks in focus, a baker up 6%, the government has revised rules...
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May 31, 2012
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we're slightly overweight in the united states. underweight europe. and roughly equal weight stocks in our portfolios overall. we also did pretty well in the first quarter. so trying to play a little bit of defense now. >> is the economy in a soft patch? >> i think it's slow. i don't think it's as bad. i feel more confident about the u.s. economy than europe. >> but that will affect us. >> definitely does. that's why we're growing at around 2%, 2.5%. >>. >> percentage about of gdp of debt right now. >> those are major along term problems. don't get me wrong. but it if you look at some of the dynamics from the economy, the big cyclical sectors are clearly a bottom starting to recover. government will be a drag, but that's probably not a terrible thing. but starting to see traction in the economy. slower pace than wield like. i think we need a sense that policymakers will address the policies in europe. i think the euro will survive because it's in germany's best interests for to do so. germany has half it exports. germ any b germany benefits more than
we're slightly overweight in the united states. underweight europe. and roughly equal weight stocks in our portfolios overall. we also did pretty well in the first quarter. so trying to play a little bit of defense now. >> is the economy in a soft patch? >> i think it's slow. i don't think it's as bad. i feel more confident about the u.s. economy than europe. >> but that will affect us. >> definitely does. that's why we're growing at around 2%, 2.5%. >>. >>...
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May 2, 2012
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ment. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> shaping up for some moderate weakness here this morning. if you're just tuning in, the adp number was not so hot. the estimate 171. 5. it's the lowest since september of last year. even though the six-month average is right around 200 k, it's forcing some down about the labor market in this country. >>. >> and already, traders are expecting very light market and they're expecting a big move, although up or down is anybody's question. you don't know if that's good for the markts and good is bad. >> seve
ment. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days,...
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May 30, 2012
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europe goes into a recession we can manage that here in the united states. if there is a financial event over there like with spain or something that we can't handle. what do you think the most likely outcome is? >> i think that you are going to see a long drawn out episode where we avoid catastrophe on the brink for the next six months or so as everyone knows the greek situation blaed itself out in the short run. >> 669. >> spain is going to be bigger to deal with. you have portugal, ireland. i think they avoid a catastrophe. >> greece stays? >> absolutely. they have to do it. >> do they issue euro bonds? do they get a single fiscal authority that has some type of power? >> getting unity over there is difficult if not impossible. >> will she have to -- >> she will have to compromise. there will be euro bonds. that's the only way to get fiscal unity over there. >> if we say give you the euro bonds but listen to what we say. >> the more austerity they put on greece the less likelihood to meet their bond obligations. they have to be careful they don't squash t
europe goes into a recession we can manage that here in the united states. if there is a financial event over there like with spain or something that we can't handle. what do you think the most likely outcome is? >> i think that you are going to see a long drawn out episode where we avoid catastrophe on the brink for the next six months or so as everyone knows the greek situation blaed itself out in the short run. >> 669. >> spain is going to be bigger to deal with. you have...
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May 23, 2012
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this is the hand that europe's giving over to the united states a little bit later. ftse 100 down, the dax, we had gains with that amount yesterday, cac down 1%, ibex down 1.6%. and now even retail is down. very weak retail sales numbers out of the uk, i'll detail that in a second. but basic resources down 3.5%, bank down, as well, world bank downgrading china growth from 8.4% to 8.2%. as far as the bond markets are concerned, we're just starting to see yields back up in the peripheral. italian ten-year still below 6%, 6.12% for spain. we've got this zero coupon 5 billion two-year coming out in germany in just a second. the yields just falling back 1.44%, but still below the record 1.39%, ten-year are on the move again today, getting back toward the record low 1.1%. voted 8 to 1 to keep easing program. and a big falloff in retail sales this morning, as well. much weaker than expected. the april weather hindering clothing sales, as well. all of that has dragged sterling down this morning. euro sterling still above 80 as you'll see. but sterling below 127 for the first
this is the hand that europe's giving over to the united states a little bit later. ftse 100 down, the dax, we had gains with that amount yesterday, cac down 1%, ibex down 1.6%. and now even retail is down. very weak retail sales numbers out of the uk, i'll detail that in a second. but basic resources down 3.5%, bank down, as well, world bank downgrading china growth from 8.4% to 8.2%. as far as the bond markets are concerned, we're just starting to see yields back up in the peripheral. italian...
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serving the interests of the united states. and demonstrating the high caliber of the american system of free enterprise. system which from this new frontier is nothing into the brain of the world oil. one of the material that is making the truly great contribution to our modern civilization. one of the reasons the reason for the primary one for the invasion of iraq is to ensure u.s. control over the major energy resources of the world the lee embassy which means people inside baghdad it is a city like no other embassy in history or in the world they're not building the embassy. in syria rank in the huge basins around with an intention to leave their building with an intention to maintain control. since two thousand and three the u.s. has built dozens of military bases in iraq in two thousand and eight the u.s. and iraqi governments signed an agreement that states that all foreign troops should leave the country by two thousand and eleven. the agreement also says that the u.s. will not seek permanent basis or a permanent milita
serving the interests of the united states. and demonstrating the high caliber of the american system of free enterprise. system which from this new frontier is nothing into the brain of the world oil. one of the material that is making the truly great contribution to our modern civilization. one of the reasons the reason for the primary one for the invasion of iraq is to ensure u.s. control over the major energy resources of the world the lee embassy which means people inside baghdad it is a...
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May 9, 2012
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education -- we're dealing with high unemployment in the united states. one of the things that's most critical to solving unemployment problem is getting people educated. >> that's a ten, 20 year problem. >> i'm just talking about look how silly the policies we have about student loans right now. right now we have a rate that we're applying for subsidized student loans. these are studio audience that have satisfied financial need tests and the rate on that loan is higher than the penalty interest rate that we charge to someone who didn't pay their taxes on time. if you pay a penalty on your taxes for delay of payment that's a 3% rate. for a need based qualification you try to get a student loan to go get an education to get a better job it's 6.8% and we can't pass legislation to get it anywhere near the market. that rate was established in 2001. nobody had the crystal ball to know where the market rates would be. >> what do you think a private market rate would be. if there was a private market rate what should it be. >> you know how they will price it? t
education -- we're dealing with high unemployment in the united states. one of the things that's most critical to solving unemployment problem is getting people educated. >> that's a ten, 20 year problem. >> i'm just talking about look how silly the policies we have about student loans right now. right now we have a rate that we're applying for subsidized student loans. these are studio audience that have satisfied financial need tests and the rate on that loan is higher than the...
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May 25, 2012
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it's much more than in the united states. i wrote a brooke called the end of cheap china and it tracks female consumers. they're still spending a lot of money. >> we're hearing from companies their biggest issue is retaining staff, hiring new staff, but the money they're paying for the general population, savings rates are so high in china, i'm wondering if you're seeing them consume rather than save. >> take a look at people that say the overall savings rate is about 40%. that's kind of a high schoolish way of analyzing the market. when you look at older generations, they're saving about 50%, 60% because they're very concerned about being able to pay for medical car costs. the government is implementing better social security benefits that the older generation will never spend. they lost out on the great economic boom of the last 30 years. but this is why roubini and others need to go deeper into savings rates. consumers under the age of 28, effective savings rate of zero. younger consumers are spending. i interviewed a girl
it's much more than in the united states. i wrote a brooke called the end of cheap china and it tracks female consumers. they're still spending a lot of money. >> we're hearing from companies their biggest issue is retaining staff, hiring new staff, but the money they're paying for the general population, savings rates are so high in china, i'm wondering if you're seeing them consume rather than save. >> take a look at people that say the overall savings rate is about 40%. that's...
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May 18, 2012
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. >> one size doesn't it fit all in the united states, the point is there's one government. >> is that where we're heading towards one government? >> i can't imagine the french letting themselves be run by somebody else. >> the policy in the u.s. is very different. it's geared toward weakest link and policy this europe is geared toward the strongest link. >> the biggest. >> well have more coming up in it a little bit. >> european equities heading to worse fall in months. here are some thoughts from our previous guests. >> if he were to go long on any of the emerging market currencies, you have to have very deep pockets in order to run help long enough to actually seeefits over the longer term. >> underlying european story doesn't change all that terribly much. we've had this credit bubble in europe and this ongoing discussion of who will wear the losses. >> what we've seen the last few weeks, it's margin calls which trigger gains which is good. with that we start seeing gold 1%, 2%, it's one signal the market is ready. >>> so united stateses of europe or the end of the european union?
. >> one size doesn't it fit all in the united states, the point is there's one government. >> is that where we're heading towards one government? >> i can't imagine the french letting themselves be run by somebody else. >> the policy in the u.s. is very different. it's geared toward weakest link and policy this europe is geared toward the strongest link. >> the biggest. >> well have more coming up in it a little bit. >> european equities heading to...
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May 15, 2012
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. >> i don't understand this in the united states. why you create monarchs at the top of big companies. you see it with chesapeake, you see it with eva. you see it time and time again. why can't you split those two roles. two brilliant minds working together is better than one brillia brilliant mind on its own. why do you give so much power to one individual time and time again? >> i would argue that jp morgan and jamie dimon doesn't have that much control. he's got the fed in there surrounding him. there's a lot of checks and balance. >> the mistake made, she has now left the company. don't you think if there were more people surrounding him in the immediate vicinity, they could have cross checked what he was making and the information that came from the direct report. >> it is a big issue. and mistakes do continue to happen. but it's important that he's making sure he's building in the appropriate controls going forward. >> yeah, and the chairmen don't usually play that role. but that's -- >> dending on how you set the whole thing u
. >> i don't understand this in the united states. why you create monarchs at the top of big companies. you see it with chesapeake, you see it with eva. you see it time and time again. why can't you split those two roles. two brilliant minds working together is better than one brillia brilliant mind on its own. why do you give so much power to one individual time and time again? >> i would argue that jp morgan and jamie dimon doesn't have that much control. he's got the fed in there...
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May 14, 2012
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is it because things are great here in the united states? no but it's less worse than the rest of the world and there's not a lot of other places to put money. once again, look at how the relative markets have been doing throughout the day. we're down about 1%. but globally, germany's down 2%. brazil is down 2%. france is down 2%. again we are continuing to outperform. i'm not saying our economy is dramatically better, but clearly some people seem to think that this is a safer place to put money right now. if you look elsewhere the flight to safety trade, when i say you can't make any money anywhere else. when you get a boom at 1.45%. a ten-year note at what is essentially 1.8%. 1.7%. and look at the u.s. dollar. 11 days in a row, the u.s. dollar has been off the dollar index. do you know how rare that is? you probably have to go back four years to see something like that. money is coming our way. that's the point. you could say it's out of fear or because our markets are better, or economy is doing better but money is clearly going our way.
is it because things are great here in the united states? no but it's less worse than the rest of the world and there's not a lot of other places to put money. once again, look at how the relative markets have been doing throughout the day. we're down about 1%. but globally, germany's down 2%. brazil is down 2%. france is down 2%. again we are continuing to outperform. i'm not saying our economy is dramatically better, but clearly some people seem to think that this is a safer place to put...
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May 7, 2012
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about qe 3 in the united states. but now we see. we can be consent about unfolding in the euro zone. spain is under funding pressures again. >> we are out of time. i want to grab hold of what you think happens here. you say the problem is tractable. what gives down the line. keep voting against austerity. is there a stand off between the rest of the european union and greece is asked to leave the union. >> give more funds to greece to allow a more gradual fiscal consolidation or decide that the rest is better off. a lot depends on how they are not easy solutions here. approving more funds is politically very, very difficult. >> joining frus bank of america in london. >> let's get the u.s. perspective on all of this. joining us here with more. dan, you heard say that he thinks it's paralysis in greece. basically in the case of france for instance. under normal circumstances, paralysis is, you know, we should welcome such an occurrence. the problem in that type of a viewpoint is when sit not fully functioning. if there is one thing yo
about qe 3 in the united states. but now we see. we can be consent about unfolding in the euro zone. spain is under funding pressures again. >> we are out of time. i want to grab hold of what you think happens here. you say the problem is tractable. what gives down the line. keep voting against austerity. is there a stand off between the rest of the european union and greece is asked to leave the union. >> give more funds to greece to allow a more gradual fiscal consolidation or...
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May 21, 2012
05/12
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in europe, a relative lack of news because so much is being centered on the united states. mixed picture with ftse up 29. >> our road map starts with facebook fallout. despite the bid higher in premarket, shares breaking premarket trading below 30 bucks a share. nasdaq ceo saying the exchange is embarrassed over the system glitches that delayed trading and caused confusion on orders on friday. >> yahoo! gets a $7 billion life line selling up to half its stake to alibaba. >>> a mass downgrade of u.s. banks ahead of jamie dimon speaking at a conference in half an hour's time. they cite a 90% chance of a greek exit. >> facebook shares falling below the 38 ipo price in premarket after less than stellar debut on friday. nasdaq ceo says the exchange is embarrassed by its bundling of the debut as a public company on friday adding this was not our finest hour. he told reporters there's no indication a nasdaq delay contributed to the lackluster display of the stock. the nasdaq stock board met on saturday. the question this morning is how much ammo do the underwriters have to keep it
in europe, a relative lack of news because so much is being centered on the united states. mixed picture with ftse up 29. >> our road map starts with facebook fallout. despite the bid higher in premarket, shares breaking premarket trading below 30 bucks a share. nasdaq ceo saying the exchange is embarrassed over the system glitches that delayed trading and caused confusion on orders on friday. >> yahoo! gets a $7 billion life line selling up to half its stake to alibaba....
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May 9, 2012
05/12
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isi think the understood toe, i think the recovery of the united states is broadening. it's showing up in many more areas like housing activity doing better, like the job everyone in the first four months of this year for the household numbers, we created 270,000 jobs a month so far this year. so i any it's a broadening recovery with the idea that by the second half of this year, we might get the emerging world going again. so do you want growth in those two areas of the world? i think it's a buying opportunity. >> jim, it sounds like you're almost on the same page. volatility is the name of the game. at the same time, when you've paired the stock declines that we've seen with the decline 234 gold, gold is at a 4-month low. the huge decline in oil. the only thing attracting bonds are ten-year treasuries. >> this hs-tk a set back that i also see as a buying opportunity. you mentioned if weakness in the oil price. that is good nuys for american business because it makes many of the inputs, oil and other commodities, that american business used cheaper. so i think there is
isi think the understood toe, i think the recovery of the united states is broadening. it's showing up in many more areas like housing activity doing better, like the job everyone in the first four months of this year for the household numbers, we created 270,000 jobs a month so far this year. so i any it's a broadening recovery with the idea that by the second half of this year, we might get the emerging world going again. so do you want growth in those two areas of the world? i think it's a...
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May 21, 2012
05/12
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you want to be elected president of the united states? put on a piece of paper i promise i'll do this, this, this and this and if i don't do it, impeach me my first year. i promise you this, i'll be a liar like all of the other politicians that promise you things that never followthrough and if i am that way in the first year, i want you to impeach me. no one will do that. if they'll do that, we'll have some credible people in politics. >> john, thank you so much. we have to get a product for mr. grasso's hair. >> hi, dick. >> hi, john paul. thank you for getting up so early. my regards to that beautiful wife of yours. you've done wonderful things because your focus is always on quality and taking care of people. >> we got a product on the set and happy hour will begin at 9:00 a.m. thank you for waking up early. >> keep trying to get dick a hair product. >> ooirmt trying to. >> coming up more from our guest host -- >> he's fine with it. >> former ceo dick grasso. first we'll head to new york stock exchange with the latest buzz from wall s
you want to be elected president of the united states? put on a piece of paper i promise i'll do this, this, this and this and if i don't do it, impeach me my first year. i promise you this, i'll be a liar like all of the other politicians that promise you things that never followthrough and if i am that way in the first year, i want you to impeach me. no one will do that. if they'll do that, we'll have some credible people in politics. >> john, thank you so much. we have to get a product...
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May 23, 2012
05/12
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>> it's our number one per capita market in the united states. this is the 75th anniversary with spam. we are celebrating with ad campaigns domestically and in key markets such as japan and korea. >> love spam. i love hawaii. i'll take their word for it. it must be good. consumers, what can you tell us from your results? can you say anything about high end and low end? whether they have money to spend? what do you feel? >> i guess from our perspective we have a sense of optimism. we have seen growth in a number of categories in turkey international and mexico portfolio. we are seeing solid growth in terms of employment picture. many of our plant committees are in markets with lower unemployment rates. it seems more competitive for high quality employees. >> we appreciate it. thanks for your time this morning. >> thank you. >> okay. >>> coming up we will get words of wisdom from a "squawk box" master of the markets. roger altman will be with us plus much more from our guest host. st. (female announcer) most life insurance companies look at you and
>> it's our number one per capita market in the united states. this is the 75th anniversary with spam. we are celebrating with ad campaigns domestically and in key markets such as japan and korea. >> love spam. i love hawaii. i'll take their word for it. it must be good. consumers, what can you tell us from your results? can you say anything about high end and low end? whether they have money to spend? what do you feel? >> i guess from our perspective we have a sense of...
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May 8, 2012
05/12
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the big banks will be the ones you'll focus on here in the united states. they're brand names you might know. certainly soc gen, royal bank of scotland and bnp paribas are down. in spain, bank ia is a combination of banks they'll put together by this weekend. taxpayers money. will they have to borrow on the open market? a lot of questions to work through. that's meant to be a strong signal from the spanish. we'll see exactly how that pans out. i mentioned to you it's a broad based rally. i could take you into the united kingdom, my home country, and show you how the home builder stocks, those retailers associated with home building are doing today. we've got now prices falling, house prices falling in the uk to a six-month low because tax breaks have ended. and you might not be aware, but actually uk house prices have been driven high nathanks to lo interest rates and the banks are stay at home, and they've passed on the profits to consumers. another thing is the rally into the bond market. we have no problem with peripheral yields rising today in italy and
the big banks will be the ones you'll focus on here in the united states. they're brand names you might know. certainly soc gen, royal bank of scotland and bnp paribas are down. in spain, bank ia is a combination of banks they'll put together by this weekend. taxpayers money. will they have to borrow on the open market? a lot of questions to work through. that's meant to be a strong signal from the spanish. we'll see exactly how that pans out. i mentioned to you it's a broad based rally. i...
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May 24, 2012
05/12
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we have offices all over the united states and the world. if you're interesting red in working in the enterprise space? servers, storage, networking, computers or software, we're one of the greatest places to work. we have enormous innovation, great history, great people. and we're on the move. this is one of those organizations you can join to help turn around one of the great silicon valley icons. important to california, important to the country and the world. so we compete well for talent. it's a different kind of person who might join a facebook or a linked in than someone who joins hp. we do things that are extraordinarily challenging to do with big governments. for example, a big part of our technology runs the united states navy, we do a lot of technology that runs the department of public works and pensions in britain. so we do things that are quite different at a different scale. and it's very exciting to be here. i can tell you i've been on both sides of this. i was at ebay many years. now of course at hp. i wouldn't trade my job
we have offices all over the united states and the world. if you're interesting red in working in the enterprise space? servers, storage, networking, computers or software, we're one of the greatest places to work. we have enormous innovation, great history, great people. and we're on the move. this is one of those organizations you can join to help turn around one of the great silicon valley icons. important to california, important to the country and the world. so we compete well for talent....
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May 15, 2012
05/12
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. >> meanwhile let's give and you look at what's coming up today in the united states. april retail sales, cpi due out at 8:30 eastern. consumer prices forecast to remain unchanged last month. but rise 0.2% when you strip out food and energy. at 10:00, home builder sentiment as well as march business inventories. and on the earnings, look for results from home depot, tjx and saks before the opening bell. >> and we're green today. we were red for the last several trading days. but today dow jones would be opening about 55 points higher, the nasdaq same hinthing, up ab 14. of course this follows an ugly day in the markets in u.s. and especially across europe yesterday. we're barely down for the day on the global 300. investors look below the surface as michael brown indicated, that german gdp growth led by exports may not be sustainable. >> very good point michael made. nevertheless, the fact of the growth number out of germany means that we have tried to pull back some of those heavy losses from credit. it this is where we stand. we have come back from the earlier gains.
. >> meanwhile let's give and you look at what's coming up today in the united states. april retail sales, cpi due out at 8:30 eastern. consumer prices forecast to remain unchanged last month. but rise 0.2% when you strip out food and energy. at 10:00, home builder sentiment as well as march business inventories. and on the earnings, look for results from home depot, tjx and saks before the opening bell. >> and we're green today. we were red for the last several trading days. but...